The most important week of earnings season


CNBC’s Jim Cramer stated Friday that Wall Street shall be overwhelmed subsequent week with a full slate of earnings studies from some of the most recognizable names in enterprise.

After the foremost averages all completed the session at all-time highs, shaking off considerations about financial development, the “Mad Money” host stated it leaves virtually no room for error.

“This is the toughest week of the quarter when it comes to making informed financial decisions,” he stated. “There aren’t enough hours in the day to read all the conference calls … so do your best to focus on a few.”

Revenue and earnings-per-share projections are based mostly on FactSet estimates:

Monday: Tesla earnings

Tesla

  • Q2 2021 earnings launch: after market; convention name: 5:30 p.m.
  • Projected EPS: 94 cents
  • Projected income: $11.53 billion

“Tesla’s one of the few big companies with a stock that’s well off its highs, so it should have an easier time rallying on good news,” Cramer stated.

Tuesday: Apple, Alphabet, Microsoft, Advanced Micro Devices earnings

Apple

  • Q3 2021 earnings launch: 4:30 p.m.; convention name: 5 p.m.
  • Projected EPS: $1.01
  • Projected income: $73.3 billion

“We’re going into a big launch—all the new models will support 5G—and there should be an incredible number of upgrades,” Cramer stated. “Hopefully, Apple will start breaking out the lifetime value of their customers this quarter thanks to this increasingly sticky service revenue stream.”

Alphabet

  • Q2 2021 earnings launch: after market; convention name: 4:30 p.m.
  • Projected EPS: $19.20
  • Projected income: $56.19 billion

“Watch their cash hoard, it continues to build,” he stated.

Microsoft

  • This autumn 2021 earnings launch: after market; convention name: 5:30 p.m.
  • Projected EPS: $1.91
  • Projected income: $44.13 billion

“Normally, the analysts underestimate Microsoft, allowing the company to easily beat expectations, but this time the stock may actually head lower … the expectations are finally catching up with them,” Cramer stated.

Advanced Micro Devices

  • Q2 2021 earnings launch: after market; convention name: 5 p.m.
  • Projected EPS: 54 cents
  • Projected income: $3.62 billion

“Under the brilliant leadership of Lisa Su, AMD has surpassed Intel in terms of giving its customers what they want,” he stated. “I hope she can announce a closing date for the Xilinx acquisition because the arbitrage pressure is dragging down the stock more than the earnings can lift it.”

Wednesday: Boeing, Bristol-Myers, McDonald’s, Facebook, Ford, Mastercard earnings

Boeing

  • Q2 2021 earnings launch: earlier than market; convention name: 10:30 a.m.
  • Projected losses per share: 81 cents
  • Projected income: $16.72 billion

“I can see Boeing giving you a terrible number … and then telling you they may even have to raise more money,” Cramer stated. “Those punches might be worth enduring, because air travel’s already coming back and once we triumph over these new Covid variants, I expect the airlines to place very big orders.”

Bristol-Myers Squibbs

  • Q2 2021 earnings launch: earlier than market; convention name: 8 a.m.
  • Projected EPS: $1.89
  • Projected income: $11.27 billion

“I expect them … to be weak again,” the host stated.

McDonald’s

  • Q2 2021 earnings launch: 7 a.m.; convention name: 8:30 a.m.
  • Projected EPS: $2.11
  • Projected income: $5.58 billion

“I think people are coming back to the stores, so McDonald’s will guide up numbers and people will buy the stock,” the host stated.

Facebook

  • Q2 2021 earnings launch: after market; convention name: 5 p.m.
  • Projected EPS: $3.04
  • Projected income: $27.84 billion

“I don’t expect a coronation, but let’s just say it’ll be tough for Facebook to have a bad quarter—online advertising is too strong,” Cramer stated.

Ford

  • Q2 2021 earnings launch: 4:05 p.m.; convention name: 5 p.m.
  • Projected losses per share: 3 cents
  • Projected income: $22.83 billion

“I think numbers have to go up here because the cars and trucks are simply better than they used to be and the markets they operate in are more profitable,” he stated. “I don’t expect this quarter to be good … I’m saying that 2022 could be good.”

Mastercard

  • Q2 2021 earnings launch: earlier than market; convention name: 9 a.m.
  • Projected EPS: $1.74
  • Projected income: $4.37 billion

“That [American] Express quarter was fantastic. I think Mastercard is going to tell us a good story, too,” he stated.

Thursday: Amazon, Twilio earnings

Amazon

  • Q2 2021 earnings launch: 4:01 p.m.; convention name: 5:30 p.m.
  • Projected EPS: $12.20
  • Projected income: $115.34 billion

“I think the high-margin advertising business will be the star of the show — same reason I like Alphabet,” Cramer stated. “I remain faithful to the stock.”

Twilio

  • Q2 2021 earnings launch:after market; convention name: 5 p.m.
  • Projected losses per share: 13 cents
  • Projected income: $598 million

“Another company that I’m betting will surprise to the upside, Twilio,” he stated.

Friday: Exxon Mobil, Chevron, Caterpillar earnings

Exxon Mobil

  • Q2 2021 earnings launch: earlier than market; convention name: 9:30 a.m.
  • Projected EPS: $1.01
  • Projected income: $64.64 billion

Chevron

  • Q2 2021 earnings launch: earlier than market; convention name: 11 a.m.
  • Projected EPS: $1.59
  • Projected income: $36.33 billion

“I urge you to go into both of them with an open mind,” Cramer stated. “There was a time when I thought the oils were uninvestable because too many younger money managers care about the environment, but you know what the major oils have gotten religion on this issue.”

Caterpillar

  • Q2 2021 earnings launch: 6:30 a.m.; convention name: 8:30 a.m.
  • Projected EPS: $2.41
  • Projected income: $12.51 billion

“The stock’s been down — no infrastructure bill, perhaps a slowing in orders — but the stock’s decline makes me comfortable buying a little right here, right now,” he stated. “Could be a big second-half turn.”

Disclosure: Cramer’s charitable belief owns shares of Apple, Alphabet, Microsoft, Advanced Micro Devices, Boeing, Facebook, Bristol-Myers Squibb and Ford.

Disclaimer

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer TwitterFacebookInstagram

Questions, feedback, solutions for the “Mad Money” web site? [email protected]

//platform.twitter.com/widgets.jshttps://platform.instagram.com/en_US/embeds.js